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Book Cover
Author Berger, Helge, author

Title Fiscal indulgence in Central Europe : loss of the external anchor? / prepared by Helge Berger, George Kopits, and István P. Székely
Published [Washington, D.C.] : International Monetary Fund, [2004]
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Description 1 online resource (22 pages) : illustrations
Series IMF working paper ; WP/04/62
IMF working paper ; WP/04/62
Summary In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among countries slated for EU accession. Regression estimates suggest that economic and institutional fundamentals do not provide a full explanation. An alternative explanation lies in the political economy of the accession process, and a game-theoretic model illustrates why a country with a stronger bargaining position might have an incentive to deviate from convergence to the Maastricht criteria. The model generates alternative fiscal policy regimes-allowing for regime shifts-depending on country characteristics and EU policies
Bibliography Includes bibliographical references (pages 21-22)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject European Union -- Membership.
Fiscal policy -- Europe, Central.
Fiscal policy -- Europe, Eastern.
Europe, Central -- Economic conditions.
Europe, Eastern -- Economic conditions -- 1989-
Form Electronic book
Author Kopits, George, author
Székely, István P., 1959- author
International Monetary Fund. European Department, issuing body
International Monetary Fund. Fiscal Affairs Department, issuing body
ISBN 1281430587